Signing of the EU-Ukraine Association Agreement is not a disaster for Russia, but economic cooperation will be narrowed, Prime Minister of the Russian Federation Dmitry Medvedev told reporters after a meeting of the Supreme Eurasian Council in Astana, within which he also held talks with the Ukrainian PM.

Medvedev also stressed that Russia's position regarding the association of Ukraine with the EU and the aspirations to join the Customs Union is not an ultimatum. "This is not ultimatum. We are pleased that today our observers, Ukraine and Kyrgyzstan, attended the Supreme Eurasian Council," Medvedev said.

He reiterated that in case Ukraine signs Association Agreement with EU, Russia will have to apply protective measures within the CIS.

Medvedev said that as soon as Ukraine will sign the agreement on associate membership with the EU, the "we are most likely to experience significant flows of European goods, which will put pressure on the Ukrainian market and, ultimately, these European goods will be provided in our market."

"We can not be indifferent to this concern, so within a framework of the agreement on free trade area of the CIS countries, signed by both Russia and Ukraine, we will have to apply a special annex 6 on protective measures in the event of threats of economic nature, if any," the Prime Minister of Russia told reporters.


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